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Buildings and contents insurance is something we seldom think about until we need it. Buildings and contents insurance are a combined insurance that will cover or replace any damage that might occur to the house or its contents, including loss. It is essential for all mortgaged houses, and most other homeowners who do not have […]
In June 2018 the FCA (Financial Conduct Authority) had 340 regulated mortgage providers on its books. Between them they manage seven million mortgages and have over a thousand different mortgage products. Trying to negotiate that many options as a first-time buyer is going to be tricky. A mortgage advisor is a specialist with in-depth […]
Each year one million people in the UK find themselves unable to work due to a serious illness or injury (Association of British Insurers 2017). Income protection insurance is designed to give you some cover if you can’t earn an income for those reasons. If something happened to you would you be able to survive […]
Life insurance or life assurance? There is a difference. Life Insurance provides you with insurance cover for a specific period called the “term”. If you were to die whilst the policy is in force, the insurance company pays out a tax-free sum. If you survive to the end of the term, the policy is finished […]
It’s now well accepted that we should all make some provision for a pension. The question of what the best way to achieve this is remains a subject for debate. Saving into a pension fund is still the most common method of building enough money to finance your retirement but increasingly people are looking at […]
Your mortgage is most probably your biggest outgoing. If you are thinking of taking advantage of the low interest rates and re-mortgaging your home, either to benefit from cheaper repayments or to release some of the capital locked up in your house then you need to consider the costs. You can re-mortgage at any time; […]
The tax regulation surrounding buy to let have been undergoing changes for the last few years, so here is an overview of the key issues that could affect your property portfolio, and your profits. Mortgage interest tax relief Up to April 2017, landlords were able to deduct mortgage interest payments before they calculated their tax […]
Applying for your first mortgage is a stressful activity at the best of time. There are however some things you can do to quicken the process and reduce the stress of the wait for approval: It helps to be prepared with the information you will need to support your mortgage application. You may be asked […]
When you are doing well financially it can feel like it will last forever. The last thing on your mind is looking on the dark side when you could have a new sofa or upgrade your car. But would happen if your income was suddenly much lower? Every year one million people in the UK […]
Over the years there have been a variety of different mortgage types that have fallen in an out of favour as economic and market conditions have changed. The questions now facing landlords about interest only mortgage tax relief stem from the changes that started to come into effect in April 2017. With an interest-only mortgage, […]